During September its first month of operations Sailor Tutoring Service Inc.performed SAT prep tutoring services and billed customers $1200.The company collected 75% of the amount owed.The combined effect of these two transactions on Sailor's tabular analysis is: 
A) Increase Cash by $900 increase Accounts Receivable $300 and increase Revenue by $1200.
B) Increase Cash by $900 and increase Revenue by $900.
C) Decrease Accounts Payable by $300 increase Revenue by $900 and increase Cash by $1200.
D) Increase Accounts Accounts Receivable $1200 and increase Revenue $1200.
Correct Answer:
Verified
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